The post the new bet of Trump’s Truth Social appeared on BitcoinEthereumNews.com.

Trump: Truth Social has initiated a strategic move with the launch of a dual ETF for Bitcoin and Ether, marking a crucial step in traditional access to cryptocurrencies.  This initiative is part of a context of growing interest in digital assets represented by Bitcoin and Ether, and offers investors a new tool to participate in this expanding market. Truth Social di Trump launches a dual ETF for Bitcoin and Ether On June 16, Truth Social filed with the United States Securities and Exchange Commission (SEC) an S-1 form for the creation of the Truth Social Bitcoin and Ethereum ETF.  This exchange-traded fund has the primary objective of providing investors with direct exposure to Bitcoin and Ether through shares backed by crypto assets. The sponsor of the ETF is Yorkville America Digital, a company specialized in the management of digital assets, which leads this initiative aimed at overcoming the traditional entry barriers of investment in cryptocurrencies.  According to the official documentation, the fund’s shares will be backed by Bitcoin and Ether tokens held by the Foris DAX Trust Company, a partner of Crypto.com. The choice of Crypto.com as a custody provider represents a key element in the security of electronic assets.  As the custodian, Foris DAX Trust Company will ensure that the tokens are securely stored on behalf of the trust, increasing investor confidence in the financial product. Details such as the ETF ticker and cash liquidity management are still being defined, but the company plans to promptly update the documentation with a complete summary of the terms of the agreement with the main execution agency. This regulatory clarity facilitates the understanding of a complex financial product such as an ETF on digital assets. The request for Truth Social fits into a context of strong liveliness. A few days earlier, on…

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Filed under: News - @ June 16, 2025 8:25 pm